Common use of Lender Default Clause in Contracts

Lender Default. If any Lender shall fail to make any payment required to be made by it pursuant to Section 10.03(c), then the Administrative Agent may, in its discretion (notwithstanding any contrary provision hereof), apply any amounts thereafter received by the Administrative Agent for the account of such Lender to satisfy such Lender’s obligations under such Section until all such unsatisfied obligations are fully paid.

Appears in 2 contracts

Samples: Loan Agreement (Mattress Firm Holding Corp.), Loan Agreement (Mattress Firm Holding Corp.)

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Lender Default. If any Lender shall fail to make any payment required to be made by it pursuant to Section 2.02(c), 2.14(d) or 10.03(c), then the Administrative Agent may, in its discretion (notwithstanding any contrary provision hereof), apply any amounts thereafter received by the Administrative Agent for the account of such Lender to satisfy such Lender’s 's obligations under such Section Sections until all such unsatisfied obligations are fully paid.

Appears in 2 contracts

Samples: Second Lien Credit Agreement (Regency Energy Partners LP), Second Lien Credit Agreement (Regency Energy Partners LP)

Lender Default. If any Lender shall fail to make any payment required to be made by it pursuant to Section 2.14(e) or 10.03(c), then the Administrative Agent may, in its discretion (notwithstanding any contrary provision hereof), apply any amounts thereafter received by the Administrative Agent for the account of such Lender to satisfy such Lender’s obligations under such Section Sections until all such unsatisfied obligations are fully paid.

Appears in 2 contracts

Samples: Term Loan Credit Agreement (Department 56 Inc), Term Loan Credit Agreement (Lenox Group Inc)

Lender Default. If any Lender shall fail to make any payment required to be made by it pursuant to Section 2.01(c), 2.14(e) or 10.03(c), then the Administrative Agent may, in its discretion (notwithstanding any contrary provision hereof), apply any amounts thereafter received by the Administrative Agent for the account of such Lender to satisfy such Lender’s obligations under such Section Sections until all such unsatisfied obligations are fully paid.

Appears in 1 contract

Samples: Credit Agreement (Hercules Offshore, Inc.)

Lender Default. If any Lender shall fail to make any payment required to be made by it pursuant to Section 2.02(c), 2.14(e) or 10.03(c), then the Administrative Agent may, in its reasonable discretion (notwithstanding any contrary provision hereof), apply any amounts thereafter received by the Administrative Agent for the account of such Lender to satisfy such Lender’s obligations under such Section Sections until all such unsatisfied obligations are fully paid.

Appears in 1 contract

Samples: Second Lien Credit Agreement (Lifetime Brands, Inc)

Lender Default. If any Lender shall fail to make any payment required to be made by it pursuant to Section 10.03(c2.02(c), 2.14(d) or 10.03, then the Administrative Agent may, in its discretion (notwithstanding any contrary provision hereof), apply any amounts thereafter received by the Administrative Agent for the account of such Lender to satisfy such Lender’s obligations under such Section Sections until all such unsatisfied obligations are fully paid.

Appears in 1 contract

Samples: Credit Agreement (USA Mobility, Inc)

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Lender Default. If any Lender shall fail to make any payment required to be made by it pursuant to Section 2.02(c), 2.14(e) or 10.03(c), then the Administrative Agent may, in its discretion (notwithstanding any contrary provision hereof), apply any amounts thereafter received by the Administrative Agent for the account of such Lender to satisfy such Lender’s obligations under such Section Sections until all such unsatisfied obligations are fully paid.

Appears in 1 contract

Samples: Credit Agreement (AP Gaming Holdco, Inc.)

Lender Default. If any Lender shall fail to make any payment required to be made by it pursuant to Section 10.03(c2.14(e) or 9.05(c), then the Administrative Agent may, in its discretion (notwithstanding any contrary provision hereof), apply any amounts thereafter received by the Administrative Agent for the account of such Lender to satisfy such Lender’s obligations under such Section Sections until all such unsatisfied obligations are fully paid.

Appears in 1 contract

Samples: Credit Agreement (Viskase Companies Inc)

Lender Default. If any Lender shall fail to make any payment required to be made by it pursuant to Section 10.03(c2.02(c), 2.13(d) or 9.03(c), then the Administrative Agent may, in its discretion (notwithstanding any contrary provision hereof), apply any amounts thereafter received by the Administrative Agent for the account of such Lender to satisfy such Lender’s obligations under such Section Sections until all such unsatisfied obligations are fully paid.

Appears in 1 contract

Samples: Revolving Credit Agreement (Regency Energy Partners LP)

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